The coverage quantity on an insurance coverage card is a singular identifier assigned to an insurance coverage coverage. It’s usually a mixture of letters and numbers, and it may be discovered on the entrance of the cardboard. For instance, a coverage quantity would possibly appear to be “ABC123456”.
The coverage quantity is vital as a result of it permits insurers to rapidly and simply determine the policyholder and their protection. It is usually used to course of claims and make funds. Traditionally, coverage numbers have been assigned manually, however as we speak they’re usually generated by laptop.